ESG SUSTAINABLE JOURNEY WITH SHI

Samsung Heavy Industries will sail more vigorously to create sustainable value & a better future.

Our Commitment

we share our commitment for ESG management by establishing visions, targets and systems and continuing to conduct improvement activities.

Enviornmental

We strive to minimize the environmental impact and contribute to creating an eco-friendly society.

Learn more
Social

We strive to respect the values of stakeholders and fulfill social responsibility.

Learn more
Governance

We will continue to practice responsible business management based on transparent and sound governance system that can serve as corporate growth.

Learn more

2022 ESG Highlights

Develop carbon reduction methodology of scope 3 category 11 (operation stage of ships deliveried) for the first time in the shipbuilding industry and verify reduction amounts by 3rd party
GHG emissions reduction : 10.6 million tonnes
(based on ships deliveried in Jan.-Aug. 2022)
  • GHG emissions reduced throughout the life cycle
  • In Jan. - Dec. 2022, 17.5 million tonnes reduced
Construct multi-purpose support vessels (self-LNG loading, unloading) to minimize fuel consumption during sea-trial
Join K-EV100 on February 2023
Develop Scope 3 GHG Emissions Calculation Method with U.S. Class (ABS) and Calculate Scope 3 GHG Emissions in 2021
Introduce S-YARD which is company-wide integrated monitoring
Achieve Zero serious accidents
Establish a core strategy for SMART HSE Management
Achieve the Triple Crown
in 2022 at the National Human Resources Development Project Excellent Education Institution
(Samsung Heavy Industries Technology Training Institute)
  • National Human Resources Development Project
  • Industrial Transformation Joint Training Center Project
  • K-digital Platform Project
Enhance security for autonomous ships with blockchain
Successful 950km operation of 9,200 tonnes autonomous ship to Dok-do without accidents
Conduct "Finding a Bright Face" for 59 persons
Designate "Specilized Complex of PPURI INDUSTRIES" in 2022 (Geoje Shipyard)
  • Possible to participate in government projects

ESG Roadmap

We have summarized the main status and plans of our ESG management roadmap.
As of July 2023, the second stage has been completed and the third stage is being promoted.

01.
ESG Management Beginning (2021)
Establishing ESG Management Foundation
  • Establishing of carbon net zero roadmap and 7 tasks of environmental management
  • Appointed CSO
  • building Covid-19 emergency response system
  • Establishing ESG Vision, strategy, action plan
  • Establishing a virtuous cycle of ESG
    (Evaluation analysis → Task discovery/Promotion → Response)
02.
First year of ESG Management (2022 - First Half of 2023)
Substantive ESG management activities
  • Revised Carbon net zero Roadmap
  • Development of Scope 3 GHG emissions calculation method and calculation & verification
  • Joining K-EV100 (Electric Vehicle transition) and UNGC Initiative
  • Completion of the project to restore the ecological environment(uninhabited island near shipyard)
  • Establishing principles/direction of Human Rights
  • Legislating for 'Supplier code of conduct'
  • Applying ESG KPI/MBO and systematic operation of ESG improvement tasks
  • Introducing Board Skills Matrix
  • ESG Training for Executive & Directors
03.
Advanced ESG Management (Second Half of 2023-2025)
Striving to internalize ESG Management
  • Introducing internal carbon pricing in 2023
  • Closing incinerator facilities in Geoje shipyard and Introducing self-generation(solor power) in 2023
  • Introducing life cycle management (by ships), environmental Labels
  • Establighing Scope 3 target and implementation plans (green equipment, etc.)
  • Systematic operation of carbon & energy metering and reduction management
  • Human rights impact assessment and supply chain due diligence process advancement
  • Advanced AI-based smart HSE system
  • Advanced supplier's ESG assessment and support
  • Building a non-financial performance system based on ISSB
  • Link to ESG performance based Compensation (executive, employee)
  • Mapping our activities against a sustainability taxonomy(EU/Korea)

ESG Story

Learn more